Lakshmi Vilas Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates: Lakshmi Vilas Bank was founded in 1926 by a group of seven progressive businessmen of Karur. It is having its head quarters in Karur, Tamil Nadu. It serves the financial needs of people who were occupied in trading businesses, industry and agriculture. It became the scheduled commercial bank in the year 1958.

It is a leading private bank which offers an interest rate of 8.40% p.a for FDs over 1 year but less than 2 years for senior citizens and 7.90% for general for domestic deposit of amount about Rs. 10 crore, and the maturity period is 3 years to less than 5 years for the same. The interest rate for Senior citizens will be 0.5% p.a more than other FD holders.

The Lakshmi Vilas bank also provides Tax saver deposits. It is having many branches spread across the country. It is having many ATM Centers all across the country. The depositors can avail various other benefits with the fixed deposits account. It is always a good option to make some extra money with the hard earned money through Lakshmi Vilas bank fixed deposit. The extra interest rate of 0.50% is available for senior citizen deposits for the period of above 1 year and these rates are not applicable for NRO accounts.

The bank started expanding the branch network beyond Tamil Nadu. The branches were established in the neighboring states of Andhra Pradesh, Karnataka and Kerala. It is providing highest interest rates depending on the deposit rates and the time period of deposit. The Senior citizens will also be given more interest rates. The Lakshmi Vilas Bank provides best fixed deposit interest rates for short duration of time.

Lakshmi Vilas Bank Fixed Deposit Interest Rates For Domestic & NRO:

Tax Saver Deposit:

NRE Fixed Deposit Interest Rates:

The Interest Rates Below One Crore:

Lakshmi Vilas bank gives 5 to 5.25 % interest rate for fixed deposit of 7 to 30 Days, 5.25 to 7.2 % interest rates for fixed deposit of 30 to 180 Days, 7.2 to 7.6 % interest rate for 180 days to 1 year, 7.6 to 7.9 % interest Rate For 1 Year to 3 Years. 7.9 to 7.8 % interest rate for 3 years to 10 years.

The Interest Rates Below One Crore:

Lakshmi Vilas bank gives 5 to 5.35 % interest rate for fixed deposit of 7 to 30 Days, 5.35 to 7.2 % interest rates for fixed deposit of 30 to 180 Days, 7.2 to 7.6 % interest rate for 180 days to 1 year, 7.6 to 8.4 % interest Rate For 1 Year to 3 Years. 8.4 to 8.3 % interest rate for 3 years to 10 years.

The Lakshmi Vilas bank provides higher Fixed Deposit rates for higher period fixed deposits. As the interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of Fixed deposit.